PokerStars faces allegations of €300m fraud and tax evasion

PokerStars, the online gaming brand owned by Amaya Gaming, has been accused of large-scale fraud and tax evasion totalling €300 million ($318.4 million) by financial authorities in Italy. According to various reports, the tax fraud was run through Malta and the Isle of Man, which in turn meant Italy missed out on a sizeable amount of tax income between 2009 and 2014.

Rome’s financial police, the Guardia di Finanza del Comando Provinciale di Roma, said PokerStars’ managing director has been accused of both fraud and tax evasion. Authorities said the €300 million in revenue, which was earned in Italy and therefore should have been taxable in the country, was undeclared by PokerStars.